Insider Selling: Service Corporation International (SCI) VP Sells 47,000 Shares of Stock
Service Corporation International (NYSE:SCI) VP Elisabeth G. Nash sold 47,000 shares of Service Corporation International stock in a transaction on Monday, November 27th. The shares were sold at an average price of $35.64, for a total transaction of $1,675,080.00. Following the completion of the sale, the vice president now directly owns 164,441 shares of the company’s stock, valued at approximately $5,860,677.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Service Corporation International (NYSE SCI) traded up $0.40 on Wednesday, reaching $35.91. 460,000 shares of the company’s stock were exchanged, compared to its average volume of 1,060,045. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 2.66. The stock has a market cap of $6,730.00, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Service Corporation International has a 1 year low of $26.43 and a 1 year high of $36.56.
Service Corporation International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. The firm had revenue of $731.30 million for the quarter, compared to the consensus estimate of $735.62 million. Service Corporation International had a net margin of 11.83% and a return on equity of 24.85%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. sell-side analysts forecast that Service Corporation International will post 1.49 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 14th. Service Corporation International’s dividend payout ratio (DPR) is currently 31.58%.
Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its holdings in shares of Service Corporation International by 315.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,687 shares of the company’s stock worth $123,000 after buying an additional 2,800 shares during the last quarter. IFP Advisors Inc raised its stake in Service Corporation International by 2.1% in the 2nd quarter. IFP Advisors Inc now owns 4,232 shares of the company’s stock valued at $142,000 after acquiring an additional 89 shares during the period. CIBC Asset Management Inc bought a new stake in Service Corporation International in the 2nd quarter valued at about $210,000. Hartford Investment Management Co. bought a new stake in Service Corporation International in the 2nd quarter valued at about $229,000. Finally, Green Square Capital LLC bought a new stake in Service Corporation International in the 2nd quarter valued at about $262,000. 84.42% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on SCI shares. Credit Suisse Group reissued an “outperform” rating and issued a $40.00 price target (up previously from $38.00) on shares of Service Corporation International in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Service Corporation International from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Finally, BidaskClub raised shares of Service Corporation International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $39.75.
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Service Corporation International Company Profile
Service Corporation International is a provider of deathcare products and services, with a network of funeral service locations and cemeteries. The Company’s segments include Funeral, Cemetery and Corporate. It conducts both funeral and cemetery operations in the United States and Canada. As December 31, 2016, it operated 1,502 funeral service locations and 470 cemeteries, including 281 funeral service/cemetery combination locations, which are geographically diversified across 45 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
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